Is profit and loss account and balance sheet is necessary ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 July 2018
I meant P&L a/c and balance sheet is necessary for PGBP income from commission as an agent of mutual fund.
23 July 2018
No need if income do not exceed Rs. 2,50,000 or gross receipts do not exceed
Rs. 10,00,000.
Rs. 10,00,000.
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